Covestor Ltd Has $672,000 Stock Holdings in Kaiser Aluminum Corporation $KALU

Covestor Ltd grew its position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 584,300.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,844 shares of the industrial products company’s stock after acquiring an additional 5,843 shares during the quarter. Kaiser Aluminum accounts for 0.4% of Covestor Ltd’s holdings, making the stock its 29th biggest position. Covestor Ltd’s holdings in Kaiser Aluminum were worth $672,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp lifted its stake in Kaiser Aluminum by 31.9% in the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock valued at $92,238,000 after purchasing an additional 279,231 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Kaiser Aluminum during the third quarter worth approximately $13,111,000. Raymond James Financial Inc. raised its stake in Kaiser Aluminum by 211.2% in the second quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock valued at $6,596,000 after buying an additional 56,028 shares during the period. American Century Companies Inc. raised its stake in Kaiser Aluminum by 9.8% in the third quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock valued at $45,426,000 after buying an additional 52,512 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Kaiser Aluminum by 192.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 70,336 shares of the industrial products company’s stock valued at $5,427,000 after buying an additional 46,269 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reissued an “underweight” rating and set a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. UBS Group started coverage on Kaiser Aluminum in a report on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, KeyCorp increased their price objective on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $159.50.

Kaiser Aluminum Stock Performance

KALU opened at $163.00 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14. The business has a fifty day simple moving average of $144.36 and a 200 day simple moving average of $126.08. Kaiser Aluminum Corporation has a 1 year low of $68.22 and a 1 year high of $183.00. The company has a market capitalization of $2.66 billion, a PE ratio of 17.76 and a beta of 1.60.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $1.96 by $1.78. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $948.50 million. During the same quarter last year, the business earned $1.44 EPS. The company’s quarterly revenue was up 42.4% compared to the same quarter last year. Research analysts expect that Kaiser Aluminum Corporation will post 8.69 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, April 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 33.55%.

Insiders Place Their Bets

In other news, CEO Keith Harvey sold 3,031 shares of Kaiser Aluminum stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $173.13, for a total value of $524,757.03. Following the completion of the sale, the chief executive officer directly owned 94,308 shares in the company, valued at approximately $16,327,544.04. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Iulian Gheorghe sold 175 shares of Kaiser Aluminum stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $174.22, for a total transaction of $30,488.50. Following the completion of the sale, the senior vice president owned 4,448 shares of the company’s stock, valued at approximately $774,930.56. The trade was a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 76,731 shares of company stock worth $13,137,697. 1.30% of the stock is currently owned by insiders.

About Kaiser Aluminum

Kaiser Aluminum Corporation is a U.S.-based producer of semi‐fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high‐value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.